Problem
Coffee bars have been accused of charging excessive prices and failing to pass on dramatic falls in coffee prices to their customers. For example, Brazilian coffee is one of the most popular types and as a result of an increase in supply from growers has fallen from around £2 per pound weight in 1997 to around 50 pence per pound weight today. Yet the average price of coffee in high street coffee bars such as Starbuck's have continued to rise, for example, by over 10% in the last 12 months. Can you use demand and supply analysis to explain any of these findings?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.